Deadline for all April 15 tax return extensions is October 15!

If you could not complete your 2012 tax return by the normal April filing due date, and are now on extension, the deadline for all April 15 tax return extensions is October 15, 2013, and there are no additional extensions except for a few exceptions. 

Failure to file before the extension period runs out can subject you to late-filing penalties.

Though Oct. 15 is the last day for most people, some still have more time, including members of the military and others serving in Afghanistan or other combat zone localities who typically have until at least 180 days after they leave the combat zone to both file returns and pay any taxes due. People with extensions in parts of the country affected by severe storms, flooding, landslides and mudslides also have more time, until Dec. 2, 2013, to file and pay.  If you are not among those listed above, your deadline is October 15.

If you are waiting for a K-1 from a partnership, S-corporation, or fiduciary return, the extended deadline for those returns was September 16.  So, if you have not received that information yet, you should probably make inquiries.  If you cannot get the forms, contact us immediately.

Late-filed individual federal returns are subject to a penalty of 5% of the tax due for each month, or part of a month, for which a return is not filed, up to a maximum of 25% of the tax due.  If you are required to file a state return, and do not do so, the state will also charge a late-file penalty.  If we are waiting for some missing information to complete your return, we will need that information at least a week before the October 15 due date.

Please call us immediately if you anticipate complications related to providing the needed information so that a course of action may be determined for avoiding the potential penalties.

There are no additional extensions, so if you still do not or will not have all of the information needed to complete your return by the extended due date, please call this office at 559-924-1225 immediately so that we can explore your options for meeting your October 15 filing deadline.